Low Income Apartments and Affordable Housing For Rent in Fuquay Varina, NC

Discover affordable housing in Fuquay Varina where there are 11+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Courtyard Commons

330 W Jones St, Fuquay Varina, North Carolina 27526

switch_access_shortcut Short Wait
accessibility Accessible

Oak Grove Apartments

500 Smithwood St, Fuquay Varina, North Carolina 27526

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Summerchase Apartments

1500 Ravensong Cir, Fuquay Varina, North Carolina 27526

bed 2-3
payment $1150-1450/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Bradford Place

200 Lowman Cir, Fuquay Varina, North Carolina 27526

bed 2-3
payment $975-1643/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Wood Spring Apartments

1806 James Slaughter Rd, Fuquay Varina, North Carolina 27526

bed 1-2
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

Fuquay - Varina Homes for the Elderly

1012 S Main St, Fuquay Varina, North Carolina 27526

payment Subsidized

Bay Tree Apartments

113 Bay Tree St, Fuquay Varina, North Carolina 27526

payment Subsidized

Southgate Village Apartments

345 Felmet Dr, Fuquay Varina, North Carolina 27526

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Cobblestone Apartments

100 Stonepath Road, Fuquay Varina, North Carolina 27526

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Bailey Place Apartments

648 Angier Rd, Fuquay Varina, North Carolina 27526

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

816 S Judd Pky SW

816 S Judd Pky SW, Fuquay Varina, North Carolina 27526

bed 3
payment $1500/mo.

How To Identify Affordable Housing in Fuquay Varina, North Carolina

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Fuquay Varina, North Carolina
$31.17/hour
$23.92 (+330%) more than North Carolina minimum wage and $23.92 (+330%) more than the Federal minimum wage.
Learn More About Fuquay Varina, North Carolina Affordable Housing ↓

What HUD offices serve Fuquay Varina, North Carolina?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Fuquay Varina, North Carolina.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Homeownership Voucher, Public Housing Homeownership, Family Self-Sufficiency programs for Fuquay Varina, North Carolina.

Go to the North Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Fuquay Varina.

How many renters live in Fuquay Varina, North Carolina?

The City of Fuquay Varina has people living in households.

There are renters living in renter households in this City. Renters make up 26.91 percent of the population living in Fuquay Varina.

What is the rental market like in Fuquay Varina, North Carolina?

There are an estimated housing units in the Fuquay Varina area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fuquay Varina, North Carolina, there are 1.11 rental units.

What is the vacancy rate for rentals in Fuquay Varina?

The rental vacancy rate in Fuquay Varina is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Fuquay Varina for each bedroom size?

Occupied Rental Units by Size in Fuquay Varina
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 689 1,302 800 549
Occupied Rental Units by Size in Fuquay Varina

A large number of apartments in Fuquay Varina have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Fuquay Varina

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,427 to $2,711. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,427
One BR $1,466
Two BR $1,646
Three BR $2,035
Four BR $2,711
2024 Fair Market Rents in Fuquay Varina, North Carolina

How many units are rented at Fair Market Rent (FMR) in Fuquay Varina?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 26 100 percent
One BR 442 64 percent
Two BR 799 61 percent
Rental Units Below FMR in Fuquay Varina, North Carolina

How many affordable rental units are in Fuquay Varina?

There are a variety of federal affordable housing programs serving households in Fuquay Varina, North Carolina including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Fuquay Varina, North Carolina

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Fuquay Varina, North Carolina

Fuquay Varina features 255 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Fuquay Varina, North Carolina

There are 175 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fuquay Varina.

Housing Choice Vouchers in Fuquay Varina, North Carolina

On average, Section 8 Housing Choice vouchers pay Fuquay Varina landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Fuquay Varina.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fuquay Varina, North Carolina for a two-bedroom apartment is between $1,481 and $1,811.

Sourced from federal housing data and AffordableHousingOnline.com research.